Economy News

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand and continued supply chain disruptions, according to the latest2026 African Trade...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

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We aRe Spin Dye signs collaboration agreement with Stokke As

We aRe Spin Dye (WRSD) AB (publ) (“WRSD”) has today entered into a collaboration agreement with the Norwegian brand Stokke®. Stokke is an International brand...

Iran, Kazakhstan target $1b in annual trade

TEHRAN – Head of Iran-Kazakhstan Joint Chamber of Commerce said the two countries have the potential to boost their annual trade to $5 billion,...

German firm Sedo Treepoint to present latest innovations at ITMA Asia

Sedo Treepoint, a German machine automation company, has announced that it will be presenting its latest innovations at ITMA ASIA 2021 in Shanghai. The company’s...

Ukraine invites Turkish investors for major privatizations

There are 3,600 state enterprises in many fields such as real estate, agriculture and industrial machinery production that were inherited from the Soviet period...

Maison et Objet confirms September in-person expo

PARIS — Maison & Objet officials confirmed that the fair will take place Sept. 9-13 at Paris Nord Villepinte, alongside the Sept. 9-18 Paris...

Saudi Arabia to sell 1% of Aramco to foreign investor: MBS

Saudi Arabia is in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company, the kingdom’s crown prince...

Preferential trade deal expansion priority for Turkey, Iran

Finalizing ongoing negotiations with Iran for the expansion of the Preferential Trade Agreement is a priority for Turkey, Energy and Natural Resources Minister Fatih...

250 participants take part in virtual textile expo

‘Textile Exchange 2021,’, a business to business platform, saw more than 250 participants at its two-day virtual expo that concluded on Saturday. Hosted by...

Uzbekistan joins EU’S GSP+ arrangement

Uzbekistan has gained privileges for duty-free exports to the EU through GSP Plus scheme. It came into force on April 10, the Ministry of...

Tunisia: reported investment in industry down 27.3% in Q1 2021

Reported investments in the industrial sector have dropped by 27.3% in the first quarter (Q1) of 2021, to 724 million dinars (MD) compared to...
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